Electricity companies in the US are asking the Government to change the rules of the loan guarantees being offered so that 100% of the loan is covered, instead of 90%, as currently proposed. The electricity companies are being advised by finance experts that the 90% loan scheme won’t work well, as it would create “two tier” risk in any finance package to fund the construction of a new nuclear power plant.

The load guarantees are meant to protect companies from the possibility that they start to build a new nuclear power plant and then have a new government policy on nuclear power emerge that might jeopardise the success of that new build project.

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http://www.world-nuclear-news.org/industry/Usec_joins_loan_guarantee_bidders_190607.shtml